https://www.taxtmi.com/caselaws?id=407201 The Tribunal dismissed the Revenue's appeal and affirmed the deletion of the addition of unexplained investment under Section 69 of the Income Tax Act for Assessment Year 2011-12. The Tribunal found the payment to be genuine, made through banking channels, and properly recorded in the books of account. The decision was in line with the jurisdictional High Court's ruling, concluding that the provisions of Section 69 were not applicable. The Tribunal upheld the First Appellate Authority's decision, deeming the Revenue's appeal meritless. en-us Fri, 30 Apr 2021 00:00:00 +0530 Mon, 03 May 2021 08:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407201 The Tribunal dismissed the Revenue's appeal and affirmed the deletion of the addition of unexplained investment under Section 69 of the Income Tax Act for Assessment Year 2011-12. The Tribunal found the payment to be genuine, made through banking channels, and properly recorded in the books of account. The decision was in line with the jurisdictional High Court's ruling, concluding that the provisions of Section 69 were not applicable. The Tribunal upheld the First Appellate Authority's decision, deeming the Revenue's appeal meritless. Case-Laws Income Tax Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407201